Toyota Motor Sales U.S.A. Inc. has raised prices on at least 11 Toyota and Lexus models for the 2008 model year.
In a statement dated Friday, May 2, the Japanese automaker said the new prices go into effect by the end of the month.
Toyota added an additional $200 to the Yaris, bringing the price of the sedan up 1.6 percent to $13,085 and the hatchback up 1.7 percent to $12,210.
The sticker price for the Prius hybrid rose 1.8 percent to $22,160, up $400 from previous models.
The biggest price adjustment was made on the 2008 FJ Cruiser SUV, which increased 2.1 percent or $500 to $23,730.
Prices for Toyota models include $660 shipping for cars and $685 for light trucks.
Price changes were made to keep up with current economic conditions and the rising cost of major components, said Denise Morrissey, a Toyota spokeswoman. Materials in global markets have gone up. We have made an effort to absorb some to the cost while still protecting our price position.
The average price increase on select Toyota models was 0.7 percent, Morrissey said.
Excluded from the price increases were the Sequoia SUV, Tacoma pickup, 2009 Corolla and 2009 Matrix crossover.
Prices for models in the Lexus Division also increased for the 2008 model year, except for the IS F sedan.
Car buyers looking to purchase Lexus LS sedan will see a 1.4 percent jump in the sticker price. Lexus tacked on $900, sending the price to $63,665 for the LS 460 and $73,665 for the LS 460L. Prices include $765 shipping.
Toyota said it plans to release additional pricing information for the 2009 Scion xD this summer.